Private Portfolio Partners, LLC (Paramus)


Private Portfolio Partners, LLC is a large advisory firm based in Paramus. It manages $477.48 million of regulatory assets for 1,851 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona, California, Colorado, and 20 other states.

Private Portfolio Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and solicitation/referral and consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Private Portfolio Partners: assets under management

The assets under management (AUM) of Private Portfolio Partners, LLC is $477.48 million. The firm's AUM has grown by 3317% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $466.02 million in discretionary accounts and $11.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $253.14 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.15 million.
Private Portfolio Partners has custody of $66.67 million in cash and securities for 174 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 68% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Private Portfolio Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Private Portfolio Partners serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Private Portfolio Partners is high net worth individuals with 142 clients and $247.75 million of assets under management. Among the 10 most similar advisory firms, Private Portfolio Partners has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $477.48 million for 1,025 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Private Portfolio Partners doesn't advise any private funds.

Careers at Private Portfolio Partners, LLC

The company employs 25 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 24 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Richard Gaspare Dragotta Managing director 1 Sep 2012 75% - 100% 2056192
Dennis Mcpartlan Chief compliance officer 1 Sep 2012 Other 4008681
Bernard Frize Chief compliance officer 1 Feb 2016 Other 2366022
Robert Paul Slomin Chief compliance officer 1 Jun 2017 Other 3043306

Based in Paramus

The principal office where Private Portfolio Partners, LLC performs its advisory services is located at 461 From Road, Paramus, NJ 07652, which is also the mailing address of the firm. An additional office of the firm is in Vineland, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 201-939-6644 or by fax 201-265-1387. The normal business hours are 9:00am - 5:00pm on Monday - Friday.